William Matson (1849–1917) founded Matson Navigation Company. He was born in
Lysekil in
Västra Götaland County, Sweden, and orphaned during childhood. He arrived in
San Francisco after a trip around
Cape Horn in 1867. Working aboard the Dickel family yacht, he struck up a friendship with tycoon
Claus Spreckels, who financed many of Matson's new ships. In 1882, he sailed his three-masted schooner
Emma Claudina into the
Hilo Bay of the
Hawaiian Islands. The enterprise began in the carrying of merchandise, especially of plantation stores, to the islands and returning with cargoes of sugar, later expanding interests at each end of the line. In 1924, Matson completed the
Matson Building, designed by
Bliss and
Faville, at 215
Market Street in San Francisco. It featured an observation tower and cupola at the northern corner of the building that enabled company executives to see its ships coming through the
Golden Gate. The company later sold the building to
Pacific Gas and Electric Company, whose general office was next door at 245 Market. PG&E has incorporated the former Matson Building into its general office complex, keeping Matson-specific details such as elevator doors with detailed maps of Hawaii on them. For a brief period after
World War II, Matson operated an airline using
Douglas DC-4 aircraft between the Pacific Coast and Hawaii. The airline ultimately ceased operations because of political pressure from
Pan American World Airways, which resulted in inability to obtain federal government scheduled operating authority. On December 1, 2011, Matson's then-parent company
Alexander & Baldwin announced that its board of directors approved a plan to split A&B and Matson into two separate companies. As part of the plan, Matson would leave
Oakland, California, to become a
Honolulu-based company. The two companies are now traded separately. In 2015, Matson, Inc., acquired
Horizon Lines, formerly its main competitor in the United States domestic market, for $469 million. Joining two
Aloha-class freighter sister ships delivered to Matson in 2018 and 2019; in November 2022, the company again contracted
Philly Shipyard to build three new
Jones Act compliant container ships at a cost of $1 billion.{{cite news ==Passenger ships==